Elite Technical Inc.

Elite Technical Inc.

March 04, 2005 16:14 ET

Elite Announces the Appointment of New CFO


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ELITE TECHNICAL INC.

TSX VENTURE SYMBOL: ET

MARCH 4, 2005 - 16:14 ET

Elite Announces the Appointment of New CFO

CALGARY, ALBERTA--(CCNMatthews - March 4, 2005) - Elite Technical
Inc.(TSX VENTURE:ET) announced today that effective February 28, 2005,
Robert Andrew, has joined the company as Vice-President, Finance and
CFO. Robert brings with him over 20 years of financial and management
experience in the manufacturing industry. Robert was previously employed
as Vice-President and CFO of Wild Rose Furniture (Mfg) Ltd. and prior to
that as Treasurer of Taro Industries Ltd. a TSX listed company involved
in the manufacture and repair of oilfield equipment and contract
drilling.

About Elite

Elite is a Calgary-based manufacturer of high-quality, high-reliability
cable assemblies and connection solutions for use in a broad range of
consumer products, commercial and industrial products, and electrical
systems. Elite is listed for trade on the TSX Venture Exchange under the
symbol "ET." More information on Elite can be found by visiting the
Company's website at www.etechi.com or under the Company's listing at
www.sedar.com.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Elite Technical Inc.
    Peter Fenton
    President and C.E.O.
    (403) 250-8087
    Email: investorrelations@etechi.com
    Website: www.etechi.com
    or
    Redwood Capital Corporation
    Jason Krueger, CFA
    President
    (403) 374-1234
    EMail: jason@redwood-capital.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.